facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

82 W 181st St #86, The Bron...

Shamsan Abdo & Najeeb Murshed Acquire Retail Property On West 181st Street In Bronx For $1.85M
SOLDRetail

Shamsan Abdo & Najeeb Murshed Acquire Retail Property On West 181st Street In Bronx For $1.85M

82 W 181st St #86, The Bronx, NY 10453, USA

Building Size

2,165 SF

Asset Type

Retail

Closing

Jan 9, 2018

AI

Located at 82-86 West 181st Street in the Bronx, New York, this retail property has been sold in a closed transaction. The property was purchased for a price of $1,850,000.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,850,000
  • Address: 82-86 West 181st Street, Bronx, New York
  • Market: Bronx

The seller of the property was 181 BX Holdings LLC, while Shamsan Abdo & Najeeb Murshed acted as the buyers. The transaction was facilitated by Capital Services, with Hunter Moss, Jonthan Squires, and Michael Fiorvanti representing the agency.

Players

Michael Fioravanti

H2C Securities

Broker

$82.8M

vol

15 deals

Broker

Bronx Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93